Select Your Franchise (blog):

1. Make sure your contract reflects the deal.

Your contract should contain all the key details about your franchise. From the simple facts – the name – to the key points eg. your territory, fees etc. If something isn’t covered it can be quite difficult (i.e costly) and in some cases, impossible to get a franchisor to honour that deal.

2. Get a fixed fee review and report from a Bfa affiliated lawyer. lawyers that specialise in franchising vetted by the British Franchise Association).

Your franchise contract is long and will be more favourable for the franchisor. It is key you understand what you are signing. Franchises are often granted for a minimum of 5 years and (unless you sell the business) you won’t be able to get out of it early even if you don’t like it/you cant make it pay.

3. Make sure you the own the contents of your website.

Social networking is a key part of any marketing strategy. This also applies to franchises. Most businesses engage contractors to design their websites. If you do this, legally although you are paying for the work, the designer owns the content. This can cause all sorts of problems particularly when you want to sell your business.

4. Have policies in place with staff.

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